H.I.G. Capital Completes Acquisition of GetixHealth
PR Newswire
MIAMI, April 7, 2025
MIAMI, April 7, 2025 /PRNewswire/ -- H.I.G. Capital ("H.I.G."), a
leading global alternative investment firm with $68 billion of capital
under management, is pleased to announce that an affiliate has completed
a strategic investment in GetixHealth, LLC ("GetixHealth" or the
"Company").
GetixHealth provides leading revenue cycle management $(RCM)$ solutions to
healthcare providers, featuring a comprehensive suite of services that
includes patient responsibility management, eligibility and enrollment,
third-party claims resolution, patient access, and insurance billing.
GetixHealth's capabilities are supported by a suite of robust technology
tools, healthcare RCM subject matter expertise, and three decades of
experience. Healthcare providers that work with GetixHealth benefit
from an enhanced patient experience, streamlined administrative
processes, reduced costs, an improved cash conversion cycle, and
adherence to regulatory requirements.
H.I.G. is partnering with management to support ongoing growth
investments in the GetixHealth platform. Kevin Lonergan, Chief Executive
Officer, said, "Over the last decade, we have made significant
investments in our team, solutions, and proprietary technologies to
position GetixHealth as a leading partner to healthcare providers. Due
to the complex reimbursement environment and evolving regulatory
landscape, our customers are increasingly turning to us to address their
revenue cycle challenges. We are excited to partner with H.I.G. to
leverage their resources and deep RCM expertise to further invest in our
capabilities."
Anthony Chambers, Managing Director at H.I.G., added, "GetixHealth is a
vital partner to healthcare providers, including many of the nation's
largest health systems. We are impressed by the Company's capabilities
and stellar reputation among its clients and patients. We also recognize
the importance of maintaining best-in-class capabilities and look
forward to collaborating with management to support continued
investments in technology and operational excellence."
About GetixHealth
GetixHealth is a leading provider of revenue cycle management (RCM)
solutions provided to the healthcare industry. GetixHealth transforms
the patient experience and enhances financial performance for healthcare
providers through an innovative core of revenue cycle management
technologies and services. The Company was founded in 1992 and is
headquartered in Sugar Land, Texas. For more information, visit
getixhealth.com.
About H.I.G. Capital
H.I.G. is a leading global alternative investment firm with $68 billion
of capital under management.* Based in Miami, and with offices in
Atlanta, Boston, Chicago, Los Angeles, New York, and San Francisco in
the United States, as well as international affiliate offices in Hamburg,
London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro,
São Paulo, Dubai, and Hong Kong, H.I.G. specializes in providing
both debt and equity capital to middle market companies, utilizing a
flexible and operationally focused/value-added approach:
-- H.I.G.'s equity funds invest in management buyouts, recapitalizations,
and corporate carve-outs of both profitable as well as underperforming
manufacturing and service businesses.
-- H.I.G.'s debt funds invest in senior, unitranche, and junior debt
financing to companies across the size spectrum, both on a primary
(direct origination) basis, as well as in the secondary markets. H.I.G.
also manages a publicly traded BDC, WhiteHorse Finance.
-- H.I.G.'s real estate funds invest in value-added properties, which can
benefit from improved asset management practices.
-- H.I.G. Infrastructure focuses on making value-add and core plus
investments in the infrastructure sector.
Since its founding in 1993, H.I.G. has invested in and managed more than
400 companies worldwide. The firm's current portfolio includes more than
100 companies with combined sales in excess of $53 billion. For more
information, please refer to the H.I.G. website at hig.com.
*Based on total capital raised by H.I.G. Capital and its affiliates.
Contact:
Anthony Chambers
Managing Director
achambers@hig.com
Brandon Cohen
Principal
bcohen@hig.com
H.I.G. Capital
1450 Brickell Avenue
31st Floor
Miami, FL 33131
P: 305.379.2322
hig.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/hig-capital-completes-acquisition-of-getixhealth-302421450.html
SOURCE H.I.G. Capital
(END) Dow Jones Newswires
April 07, 2025 09:30 ET (13:30 GMT)
Comments